How the US government helps start-ups today

The historically known fact that the development of the start-up movement and the birth of "Silicon Valley" the US government pushed the fact that the Soviet Union launched a satellite in 1957. The shock was so high and the lag was so obvious that the US government decided to reverse the situation using the initiative of the masses by stimulating the development of small businesses in high-tech areas.

In 1958, the President of the United States signed a special act in support of the Small Business Agency (AMB)

The AMB began to help the development of the start-up movement in every possible way even then the basic principle was proclaimed - all loans and investments should be repayable for business development, business will not receive a single cent free of charge. The principle was that if a startup found itself an investor AMB added four times more through the licensed private fund The Small Business Investment Company (SBIC). The benefit was obvious, but according to the memories of the pioneers, even such a generous increase in investment did not find support among investors and among representatives of the scientific community. The IBA staff naturally went to the Stanford laboratories and persuaded scientists to do business at their own risk and leave the laboratories.
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As time went on, the event turned out to be a profitable fund; today it operates on the order of 8 billion with a total capitalization of all assets of about 17 billion .

Moreover, the current US administration has decided to allocate an additional 2 billion in five years to support startups. One billion was used to increase working capital in fast-growing start-ups and the second billion to increase 2: 1 contributions from private investors in the good old days.

Although it should be noted that things did not always go so brightly in 1996, the government was going to close the agency, but the development of the Internet and the dot com boom actually revived the agency. And the next presidential act in 2010 also increased tax breaks for startups.

In general, I must say for the years of life in the "Valley" I have never met any of the startups who would use all the benefits of AMB, but the fact that there are benefits gives some peace of mind to start-up workers in their difficult business of developing new technologies.